Orange barriers and wire fences wrap around a lot throughout downtown where business is booming.
Here is a look at some of the most anticipated projects taking shape today:
In June, Palm Beach-based Kolter Urban, a real estate development and investment firm, has laid the foundation stone for Art House, a 42-story condo tower on 200 Central Ave.
When complete, the $140 million tower will feature 244 residential units, 6,100 square feet of commercial space and a 482-seat parking garage, according to the latest plans.
The Art House floor plans will range from two to three bedrooms, many with a bedroom, and there will be a total of 12 penthouses on the three upper floors.
A facility center for residents is to be built on the ninth floor. Called Cloud 9, it will include a resort-style pool and spa, contemporary cabanas and open spaces for gathering, and a formal club room with a private dining room overlooking the pool deck.
Other amenities include a co-working space called The Hub located on the lobby level, a state-of-the-art fitness center with high-tech cardio and strength machines, a theater, a game room with simulator, a covered outdoor dog park and more.
In terms of building design, The Kolter Group is working with San Francisco-based SB Architects, which designed the 41-story Kolter Tower at ONE St. Petersburg, and the 18-story Saltaire Waterfront Apartment and Ritz-Carlton Residences development.
The general contractor is Miami-based Coastal Construction.
Development is scheduled to be completed by 2024.
The rise of St. Petersburg
Graystar Real Estate Partner is developing Ascent St. Petersburg, a mixed-use development located at 225 1st Ave. North.
Greystar began construction of the $170 million tower in late 2020, and topped the tower in April.
When fully built, the Ascent will have 354 market-rate rental units, a 172-key AC hotel by Marriott and 6,600 square feet of commercial space.
It will include four parking levels, and a sixth-level dock with indoor and outdoor amenities, including a fitness center and pool, and a rooftop deck and rest space on top of the apartment building, according to the site plan.
The building is scheduled to open in 2023.
AC Hotel will have a rooftop terrace with a restaurant and bar.
The hotel is being developed in partnership with Concord Hospitality and the hotel’s interior design team led by DLR Group.
Cordova Inn Expansion
The New Hotel Collection demolished the Staton Apartments and Staton Hotel to make way for the expansion of the 12,200-square-foot Cordova Inn located at 253 2nd Ave. N.
Last year, New Hotel Collection and Largo-based TDZ Capital, the group behind the Cordova Inn development, purchased the hotel and apartments at 225 3rd St. North to expand the Cordova Inn, a 32-unit hotel built in 1921.
A five-story building with 62 rooms will rise on the site creating a total area of 50,400 square feet connected to the 100-year-old hotel, adding more parking space.
Expansion is on track to be completed by early 2024.
Red Apple Group Apartments 400 Central
The Residences at 400 Central is a 1.3 million square foot development in the heart of Saint Petersburg.
New York-based Red Apple Real Estate, headed by John Catsimatidis Sr. , is the group behind the development.
When completed, the 46-storey building will be the tallest tower in the city.
The tower will offer 301 luxury units starting at $800,000, and residents will get 35,000 square feet of indoor and outdoor amenities.
The Sky Lounge Observatory located on the 46th floor will offer panoramic views. Other amenities include a fitness and wellness center, co-working space, meeting room, theater room, private dining room, and recreation area.
The tower will also contain retail stores on the ground floor, restaurants and first-class office space.
Construction of the tower began in late January. Development is expected to take three years.
Saint Petersburg metro
Saint Petersburg Metro is a seven-story, 100-unit apartment building oriented perpendicular to 77 11 St. Ann Street.
The developer of the project is DevMar Development, which is the same developer of The Vantage Apartments in Saint Petersburg and RainDance Apartments in Winter Haven. The developer works with Tampa-based Kast Construction as the general contractor.
It is expected to be completed in late 2022 or early 2023.
The Orange mixed-use station is under development at 1302 Central Ave. , which was the site of the old Saint Petersburg police headquarters.
Edge Central Development Partners, a joint venture group comprising Saint Petersburg-based J Square, Tampa-based DDA Development and Backstreets Capital, is spearheading the project.
When completed in 2023, the Orange station will have 50,000 square feet of office space, 14,000 square feet of retail, 61 condos, 42 apartments, and 400 public parking spaces in its garage.
In late June, Smith and Associates reported that 30% of apartments had sold since the launch of the sales program in the spring, including two of its three penthouses.
The team has begun marketing the future retail space at Orange Station, which will consist of six units ranging in size from 1,100 square feet to nearly 4,000 square feet.
Among other significant projects being formed today is Saltire, a 35-story apartment block belonging to the Coulter Group under construction at 300 1st St. South; The Nolen, a 23-story boutique condominium tower at 146 4th Ave. Northeast; 334 apartments, which has been renamed Evo, is a 24-storey apartment block under construction at 332 2nd Ave. South; and Reflection, an 18-story residential tower under construction at 300 8th Street North. These are just a few projects in progress while many new projects are constantly being proposed by developers.